We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Are entrepreneurs born or made - Essay Example

Comments (0) Cite this document
Summary
Are Entrepreneurs Born or Made? Who is an entrepreneur and what constitutes a successful entrepreneur has been a subject of great academic and business research. One definition suggests that, Entrepreneurs are individuals who increase economic productivity by shifting resources from an area of lower productivity into an area of higher productivity (Jean-Baptist Say, 1800)…
Download full paperFile format: .doc, available for editing
Polish This Essay94.2% of users find it useful
Are entrepreneurs born or made
Read TextPreview

Extract of sample
"Are entrepreneurs born or made"

Download file to see previous pages From these definitions, it logically follows that entrepreneurship is the process that the entrepreneur undertakes to achieve his goals; or in simplistic terms, what an entrepreneur does. This paper will present a number of behaviours skills and attributes that are necessary for entrepreneurial success and will try to understand if these behaviours and skills are inherent or if they can be acquired through learning and social conditioning. Furthermore there exists rich literature on entrepreneurial processes that delineates theories and models which form the bases of entrepreneurial success. These theories and models provide insight into the undertaking successful entrepreneurial ventures. Together these models and behaviours will prove or disprove the notion that entrepreneurs can only be born. An entrepreneur is characterized by behaviours and endowed with skills that set him apart from other people. These particular attributes are the essential constituencies of an entrepreneur and their underlying theories become the focal point of the discussion of whether entrepreneurs are born or made. This paper will seek to critically evaluate a number of theories and models of entrepreneurship and the entrepreneurial process in order to reach to a conclusive answer to this question. Entrepreneurs are creative, innovative and opportunity-seeking individuals who have a preference for taking initiative and moderate risk. This creativity enables them to see things in different contexts, devise new solutions to problems and craft new approaches to doing business. An entrepreneur will desire sense of responsibility to and ownership of his work as he is committed to it. Another distinguishing characteristic of entrepreneurs is that they are very flexible. They adapt very easily to the changing environment to meet the need of their customers and businesses. One reason for this is that they have an internal locus of control. Entrepreneurs believe that they are responsible for the outcomes of their businesses and therefore do not attribute failure to external factors. They believe in making their own luck and shaping their own destiny. An entrepreneur is more likely to prefer achievement over money which makes him a highly motivated individual. This motivation then channels positive energy that transcends to the enterprise too. Behaviours are different from skills and, as such, an entrepreneur also possesses some distinctive skills. As decision makers entrepreneurs rely on their gut feeling and this skill aids in decision making when there are information constraints. They can think strategically and possess negotiation and persuasion skills. Entrepreneurs make their enterprises a success as they have a vision for leading their organization, shaping its dynamics and seeing through to its commitments. A number of models and theories have been coined to explain entrepreneurial behavior and process. The Stage model of growth by Scott and Bruce (1987) explains the growth of enterprises in terms of five stages; inception, survival, growth, expansion and maturity. During the inception stage the business is starting up with inconsistent growth. The business and its products are constantly being modified and the functions of the business are not ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Are entrepreneurs born or made Essay Example | Topics and Well Written Essays - 2500 words”, n.d.)
Retrieved from https://studentshare.org/management/1398692-are-entrepreneurs-born-or-made
(Are Entrepreneurs Born or Made Essay Example | Topics and Well Written Essays - 2500 Words)
https://studentshare.org/management/1398692-are-entrepreneurs-born-or-made.
“Are Entrepreneurs Born or Made Essay Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/management/1398692-are-entrepreneurs-born-or-made.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
New Business Venture
In order to effectively take advantage of the new business opportunities as well as to better understand the dynamics of the business, it is really critical that the entrepreneurs must develop certain set of skills. Apart from this, it is also important to understand that in order to become successful it is important that the entrepreneur must develop a certain mindset.
24 Pages(6000 words)Essay
Are Leaders Born or Made
Is it only about inspiring others? Does the much hyped up political or religious leaders are the only kind or there exist many leaders around us in all strata’s of life varying in magnitude. If true than what are the different types of leadership. This paper aims to offer a dynamic theory on leadership development and will study literature examining trait(s) which are argued as genetic, whilst counterargument with the notion that leaders are a lot more made than they are born (Zenger et al 2007, page 5).
7 Pages(1750 words)Essay
Are Leaders Born or Made
Research (David Giber, Linkage Inc, 2009) has proved that if we tie leadership development to business strategy and need of the business it results in excellent organizational growth. The pressure to integrate leadership development activities and initiatives in the overall strategic objective of the business is the most important and overarching trend in recent history.
8 Pages(2000 words)Essay
Do Entrepreneurs have Taits or Cognitive Biases that make them different from other Individuals
nition of entrepreneurs, and to distinguish them from other individuals” (Sanchez, Carballo, and Gutierrez, 2011, p. 433). This paper explores certain characteristics and personality traits that are typical of successful entrepreneurs. Different entrepreneurs generally display different types of personality traits.
6 Pages(1500 words)Essay
Women and Men are made, not born
Research Essay “Women and Men are made, not born” The statement of Simone de Beauvoir; “Women and Men are made, not born”, proposes that an individual generally acquires the identity of a woman or a man over a period of time. This identity comes through several complex social processes.
4 Pages(1000 words)Essay
Transformational corporate leaders are born not made
It was with his book about political leadership in 1978 that he presented in front of the world two concepts of transactional and transformational leadership. While drawing a line between these two modes of leadership,
6 Pages(1500 words)Essay
Entrepreneurs
First and foremost, funding is one of the major concerns for an entrepreneur and it is often difficult for a budding entrepreneur to account for finances. Venture Capitalists, Angel Investors and friends and
8 Pages(2000 words)Essay
Are leaders born or made
Rational beliefs about employees’ or followers’ inherent leadership attributes are also commonly used by organizations when
10 Pages(2500 words)Essay
Are criminals born or made
It simply means that two sides of an argument will take place in a debate. Some people claims that the nature of becoming a criminal is hereditary because of genetic factors whereas others consider socio-environmental factors to be the primary reason why a
5 Pages(1250 words)Essay
Entrepreneurs
No potential entrepreneur would want to fail; all they emulate are the successful entrepreneurs such as Steve Case, the AOL founder and former CEO, or Richard Branson of the Virgin Group of Companies. Some of the three critical characteristics of
1 Pages(250 words)Essay
Let us find you another Essay on topic Are entrepreneurs born or made for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us